CPI同比涨幅继续扩大 PPI同比降幅收窄

Group 1 - In December 2025, the Consumer Price Index (CPI) increased by 0.2% month-on-month and 0.8% year-on-year, while the Producer Price Index (PPI) rose by 0.2% month-on-month but decreased by 1.9% year-on-year [1][2] - The CPI's year-on-year growth rate expanded by 0.1 percentage points compared to the previous month, reaching the highest level since March 2023, primarily driven by an increase in food prices, which rose by 1.1% [1][3] - Key food items such as fresh vegetables and fruits saw price increases of 18.2% and 4.4%, respectively, contributing approximately 0.16 percentage points to the CPI's year-on-year increase [1][2] Group 2 - The month-on-month CPI increase was influenced by rising prices of industrial consumer goods, excluding energy, which rose by 0.6%, contributing about 0.16 percentage points to the CPI [2] - The PPI's year-on-year decline of 1.9% showed a narrowing of the decline by 0.3 percentage points from the previous month, with significant price reductions in coal mining and lithium-ion battery manufacturing [3] - Prices in sectors such as external storage devices and biomass liquid fuels increased by 15.3% and 9.0%, respectively, indicating a growth in new productive forces [3]